current ratiooossss (1 Viewer)

[piggy bank]

how u all doin?> i got 0.36:1 as a current ratio thats bad rite??i know it is but what i really want to know is; how would i go on about commenting on the biz's liquidity and if i dont know where the industry lies how would i be able to give the industry average?its a rowers biz so yea any help would be gr8

 

[Always]

If you are not given the industry standard, compare it with the general standard of 2:1. That is, the business should aim to have $2 of CA to cover every $1 of CL.